> People who purchase the CVL token, a form of cryptocurrency, will have a say concerning the projects hosted by Civil — meaning that they can vote on whether one of its websites violates the company’s journalism standards, which are outlined in the Civil Constitution This features the worst elements of public ( e.g. the BBC ), private ( e.g. the Wall Street Journal ) and patronage ( e.g. the Washington Post ) media.…
> Letting token owners “vote on whether...websites violate the company’s journalism standards” explicitly removes editorial independence. A better alternative would be to let token owners vote on what story to research next.
Sinclair made a blunder and showed the world that there was no independence, at least in their company. It was even set on a local level. It sets a very plausible model for other large media/news companies.